SADO
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 10-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2026 is 14% lower than in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2025 | 30-06-2026 |
|---|---|---|
| Financial fixed assets | €20 | €0 |
Source: notes to the 2025 to 2026 annual accounts (statement of fixed assets)
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Other operating charges640/8 | €113 | €130 | ▲ 14.6% |
| Gross operating margin9900 | €19,363 | €16,680 | ▼ 13.9% |
| Operating profit (loss)9901 | €19,250 | €16,550 | ▼ 14.0% |
| Financial income75/76B | €147 | €675 | ▲ 360% |
| Recurring financial income75 | €147 | €675 | ▲ 360% |
| Financial charges65/66B | €1,512 | €968 | ▼ 36.0% |
| Recurring financial charges65 | €1,512 | €968 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | €17,884 | €16,258 | ▼ 9.1% |
| Income taxes67/77 | €3,768 | €3,555 | ▼ 5.7% |
| Profit (loss) for the period9904 | €14,117 | €12,703 | ▼ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €14,117 | €12,703 | ▼ 10.0% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €189,446 | €259,190 | ▲ 36.8% |
| Fixed assets21/28 | €20 | €0 | ▼ 100% |
| Financial fixed assets28 | €20 | €0 | ▼ 100% |
| Current assets29/58 | €189,426 | €259,190 | ▲ 36.8% |
| Amounts receivable within one year40/41 | €96,816 | €153,899 | ▲ 59.0% |
| Trade receivables40 | €96,584 | €153,899 | ▲ 59.3% |
| Other amounts receivable41 | €232 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €81,302 | €103,374 | ▲ 27.1% |
| Deferred charges and accrued income490/1 | €11,308 | €1,918 | ▼ 83.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €189,446 | €259,190 | ▲ 36.8% |
| Equity10/15 | €19,117 | €31,820 | ▲ 66.4% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €14,117 | €26,820 | ▲ 90.0% |
| Distributable reserves133 | €14,117 | €26,820 | ▲ 90.0% |
| Amounts payable17/49 | €170,329 | €227,370 | ▲ 33.5% |
| Amounts payable after more than one year17 | €3,107 | €0 | ▼ 100% |
| Financial debts170/4 | €3,107 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €129,097 | €197,704 | ▲ 53.1% |
| Current portion of amounts payable after more than one year42 | €3,240 | €3,107 | ▼ 4.1% |
| Financial debts43 | €4,000 | €0 | ▼ 100% |
| Credit institutions430/8 | €4,000 | €0 | ▼ 100% |
| Trade debts44 | €120,193 | €189,273 | ▲ 57.5% |
| Suppliers440/4 | €120,193 | €189,273 | ▲ 57.5% |
| Taxes, remuneration and social security45 | €755 | €5,324 | ▲ 605% |
| Taxes450/3 | €755 | €5,324 | ▲ 605% |
| Other amounts payable47/48 | €908 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €38,125 | €29,666 | ▼ 22.2% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,117 | €12,703 | ▼ 10.0% |
| Operating cash flow (approximation) | €14,117 | €12,703 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | €20 | - |
| Change in cash | - | €22,072 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,542 companies had the same profile as SADO has now. Two years later, 94.9% were still going and 3.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SADO itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,542 companies, not a prediction for SADO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.